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A8. Principal subsidiaries
Our subsidiaries are located around the world and each contributes to the prots, assets and cash ow of the
Group. We have a large number of subsidiaries and so, for practical reasons, only the principal subsidiaries
at 31 March 2013 are detailed below.
A full list of subsidiaries, joint ventures, associated undertakings and any signicant holdings (as dened in the Large and Medium-sized Companies
and Groups (Accounts and Reports) Regulations 2008) as at 15 August 2013 will be annexed to the Company’s next annual return led with the
Registrar of Companies. No subsidiaries are excluded from the Group consolidation. Unless otherwise stated the Company’s principal subsidiaries
all have share capital consisting solely of ordinary shares and are indirectly held. The country of incorporation or registration of all subsidiaries is also
their principal place of operation.
Name Principal activity
Country of incorporation
or registration
Percentage
shareholdings1
Vodafone GmbH2Network operator Germany 100.0
Vodafone Limited Network operator England 100.0
Cable & Wireless Worldwide plc. Fixed network operator England 100.0
Vodafone Czech Republic a.s. Network operator Czech Republic 100.0
Vodafone Magyarorszag Mobile Tavkozlesi Zartkoruen Mukodo Reszvenytarsasag3Network operator Hungary100.0
Vodafone Ireland Limited Network operator Ireland 100.0
Vodafone Libertel B.V. Network operator Netherlands100.0
Vodafone Romania S.A. Network operator Romania 100.0
Vodafone Telekomunikasyon A.S. Network operator Turkey100.0
Vodafone España S.A.U. Network operator Spain100.0
Vodafone Albania Sh.A. Network operator Albania99.9
Vodafone-Panafon Hellenic Telecommunications Company S.A. Network operator Greece99.9
Vodafone Malta Limited Network operator Malta 100.0
Vodafone Portugal-Comunicações Pessoais, S.A.4Network operator Portugal 100.0
Vodafone India Limited5Network operator India 84.5
Vodacom Group Limited Network operator South Africa 65.0
Vodacom Congo (RDC) s.p.r.l.6 7 8 Network operator
The Democratic
Republic of Congo 33.2
Vodacom Tanzania Limited6 8Network operator Tanzania42.3
VM, S.A.6 9Network operator Mozambique55.3
Vodacom Lesotho (Pty) Limited6Network operator Lesotho 52.0
Vodacom Business Africa Group (PTY) Limited6Holding company South Africa 65.0
Vodafone Egypt Telecommunications S.A.E. Network operator Egypt54.9
Ghana Telecommunications Company Limited Network operator Ghana70.0
Vodafone New Zealand Limited Network operator New Zealand 100.0
Vodafone Qatar Q.S.C.8Network operator Qatar 23.0
Vodafone Group Services Limited10 Global products and services provider England 100.0
Vodafone Sales & Services Limited11 Group services provider England 100.0
Vodafone Holding GmbH Holding company Germany100.0
Vodafone Holdings Europe S.L.U. Holding company Spain 100.0
Vodafone Europe B.V. Holding company Netherlands100.0
Vodafone International Holdings B.V. Holding company Netherlands100.0
Vodafone Investments Luxembourg S.a.r.l. Holding company Luxembourg 100.0
Vodafone Procurement Company S.a.r.l. Group services provider Luxembourg 100.0
Vodafone Roaming Services S.a.r.l. Group services provider Luxembourg 100.0
Vodafone Americas Inc.12 Holding company US100.0
Notes:
1 Effective ownership percentages of Vodafone Group Plc at 31 March 2013, rounded to nearest tenth of one percent.
2 Vodafone GmbH changed its name from Vodafone D2 GmbH on 1 February 2013.
3 Trades as Vodafone Hungary Mobile Telecommunications Company Limited.
4 38.6% of the issued share capital of Vodafone Portugal-Comunicações Pessoais, S.A. is directly held by Vodafone Group Plc.
5 At 31 March 2013 the Group had a 64.4% interest in Vodafone India Limited (‘VIL’) through wholly owned subsidiaries and a further 20.1% indirectly through less than 50% owned entities giving an aggregate 84.5% interest.
The Group has call options to acquire shareholdings in companies which indirectly own a further 4.5% interest in VIL. The shareholders of these companies also have put options which, if exercised, would require Vodafone
to purchase the remaining shares in the respective company. If these options were exercised, which can only be done in accordance with the Indian law prevailing at the time of exercise, the Group would have a direct and
indirect interest of 89.0% of VIL.
6 Shareholding is indirect through Vodacom Group Limited. The indirect shareholding is calculated using the 65.0% ownership interest in Vodacom.
7 The share capital of Vodacom Congo (RDC) s.p.r.l. consists of 1,000,000 ordinary shares and 75,470,588 preference shares.
8 The Group has rights that enable it to control the strategic and operating decisions of Vodafone Qatar Q.S.C., Vodacom Congo (RDC) s.p.r.l. and Vodacom Tanzania Limited.
9 The share capital of VM, S.A. consists of 60,000,000 ordinary shares and 548,350,646 preference shares.
10 Share capital consists of 790 ordinary shares and one deferred share, of which 100% of the shares are indirectly held by Vodafone Group Plc.
11 Vodafone Sales & Services Limited is directly held by Vodafone Group Plc.
12 Share capital consists of 395,834,251 ordinary shares and 1.65 million class D and E redeemable preference shares, of which 100% of the ordinary shares are indirectly held by Vodafone Group Plc.
149 Vodafone Group Plc
Annual Report 2013
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